U.S. Capital Wealth Advisors LLC Invests $90,000 in Neuberger Berman MLP and Energy Income Fund Inc. (NYSEAMERICAN:NML)

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U.S. Capital Wealth Advisors LLC bought a new position in Neuberger Berman MLP and Energy Income Fund Inc. (NYSEAMERICAN:NML) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 18,287 shares of the investment management company’s stock, valued at approximately $90,000.

A number of other large investors also recently modified their holdings of NML. Morgan Stanley boosted its stake in shares of Neuberger Berman MLP and Energy Income Fund by 20.9% in the 2nd quarter. Morgan Stanley now owns 4,523,351 shares of the investment management company’s stock valued at $22,617,000 after purchasing an additional 780,612 shares during the last quarter. Rivernorth Capital Management LLC raised its position in shares of Neuberger Berman MLP and Energy Income Fund by 179.5% in the 2nd quarter. Rivernorth Capital Management LLC now owns 575,180 shares of the investment management company’s stock valued at $2,876,000 after acquiring an additional 369,409 shares during the period. City of London Investment Management Co. Ltd. raised its position in shares of Neuberger Berman MLP and Energy Income Fund by 6.7% in the 2nd quarter. City of London Investment Management Co. Ltd. now owns 5,780,307 shares of the investment management company’s stock valued at $28,844,000 after acquiring an additional 364,060 shares during the period. Ionic Capital Management LLC raised its position in shares of Neuberger Berman MLP and Energy Income Fund by 129.5% in the 2nd quarter. Ionic Capital Management LLC now owns 301,469 shares of the investment management company’s stock valued at $1,507,000 after acquiring an additional 170,097 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Neuberger Berman MLP and Energy Income Fund by 23.7% in the 2nd quarter. Wells Fargo & Company MN now owns 169,538 shares of the investment management company’s stock valued at $848,000 after acquiring an additional 32,457 shares during the period.

In related news, Portfolio Manager Douglas A. Rachlin bought 50,000 shares of the company’s stock in a transaction on Thursday, December 23rd. The shares were purchased at an average cost of $5.06 per share, for a total transaction of $253,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of NYSEAMERICAN:NML opened at $5.16 on Wednesday. Neuberger Berman MLP and Energy Income Fund Inc. has a fifty-two week low of $3.30 and a fifty-two week high of $5.66.

The company also recently declared a monthly dividend, which will be paid on Friday, December 31st. Investors of record on Wednesday, December 15th will be given a $0.0163 dividend. The ex-dividend date is Tuesday, December 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.79%. Neuberger Berman MLP and Energy Income Fund’s dividend payout ratio is -227.59%.

Neuberger Berman MLP and Energy Income Fund Profile

Neuberger Berman MLP Income Fund, Inc is closed-end mutual fund. It seeks total return with an emphasis on cash distributions by investing in master limited partnerships. The company was founded on November 16, 2012 and is headquartered in New York, NY.

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